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Arizona Enacts Its First Cryptocurrency Reserve Law, Following New Hampshire

2025/05/08 14:08 (Updated 2025/05/12 21:03)
CoinPost
Written by Lewis Kikutani
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Arizona Enacts Its First Cryptocurrency Reserve Law, Following New Hampshire

Investments Itself Not Authorized

On the 8th, the Arizona State Legislature passed the 'HB2749' Cryptocurrency Reserve Law bill, which allows the state to hold assets such as Bitcoin (BTC) as reserves. The bill allows for the transfer of unclaimed assets, airdrops, and staking rewards managed by the state to the state-managed reserve (reserve) account, but prohibits the investment activity of purchasing Bitcoin with new state funds.

Last Friday, the state's Governor Hobbs exercised his veto power once on another bill 'SB1025' that would allow the state to purchase Bitcoin, and whether Arizona will officially allow the direct purchase of Bitcoin in the future is still pending with the unsigned bill 'SB1373...

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Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.